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BEST BUY COMPANY REPORTS FEBRUARY 1992, FOURTH QUARTER AND FISCAL YEAR SALES

 BEST BUY COMPANY REPORTS FEBRUARY 1992,
 FOURTH QUARTER AND FISCAL YEAR SALES
 MINNEAPOLIS, March 5 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY), today reported sales for February 1992, a four week period ended Feb. 29, the fourth quarter and fiscal 1992. According to Allen Lenzmeier, chief financial officer, February 1992 sales of $79 million were 76 percent more than the $45 million achieved for the comparable four-week period last year. The company's fourth quarter sales increased 57 percent to $339 million, as compared to $216 million last year. Fiscal 1992 sales increased 40 percent to $929 million, as compared to $665 million last year.
 Comparable store sales increased 35 percent for February 1992, increased 22 percent for the fourth quarter and increased 14 percent for the fiscal year. The company currently operates 73 stores, 56 of which are considered comparable.
 Best Buy reports sales on a 5-4-4 week basis. Fiscal 1992 earnings are expected to be released mid-April. Best Buy is the third largest publicly held consumer electronics and major appliance retailer in the United States. The company sells nationally recognized name brand consumer electronics, major appliances, home office products, entertainment software and photographic equipment at 73 stores in 10 states (Minnesota, Texas, Wisconsin, Missouri, Illinois, Colorado, Iowa, Kansas, Nebraska and South Dakota). Best Buy's common stock is traded on the New York Stock Exchange, symbol BBY.
 -0- 3/5/92
 /CONTACT: Richard M. Schulze, 612-896-2448, or Allen Lenzmeier, 612-896-2454, both of Best Buy/
 (BBY) CO: Best Buy Co., Inc. ST: Minnesota IN: REA SU:


KH -- MN001 -- 5336 03/05/92 09:52 EST
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Publication:PR Newswire
Date:Mar 5, 1992
Words:264
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